KUALA LUMPUR: Property consultants have described the Budget 2011 as simple and straightforward while welcoming the government’s efforts to grow housing demand.

PETALING JAYA: Proposals announced in the Budget 2011 by Prime Minister Datuk Seri Najib Tun Razak is generally positive, said property sector stock analysts.

Among the positve aspects are the emphasis given to the development of the Malaysian Rubber Board (MRB) land in Sungai Buloh and the Kuala Lumpur International Financial District.

KUALA LUMPUR: Major property developers in the country said that the Budget 2011 is a business- and people-friendly budget, and added that steps taken to increase house ownership among Malaysians will help spur the property sector and enable more people to own homes.

KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) has called for the government to pay attention to the training of construction sector workers and personnel in its mission to intensify human capital development.

KUALA LUMPUR: Pentamaster Corporation Bhd has proposed to dispose of land and buildings and machineries for a total consideration of RM50 million in Penang.

In a filing to Bursa, the company said the disposal is primarily to reduce its collateralised loan obligation (CLO), due in October next year, as well as other bank borrowings. 

KUALA LUMPUR: The Budget 2011 tabled by Prime Minister Datuk Seri Najib Abdul Tun Razak in Parliament on Friday, Oct 15 was largely quiet on measures to attract foreign investments to the country's property market.

From its business district to leafy suburbs, new condominiums are sprouting up almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing.The country’s real estate stocks have been on the boil with the index of property stocks up 28% in the past three months and many listed companies have raised profit forecasts, confident of capital

KUALA LUMPUR: CapitaMalls Malaysia Trust's (CMMT) has achieved RM21.1 million income available for distribution for the quarter from July 14, 2010 to Sept 30, 2010.

In a press statement on Friday, Oct 15, its manager CapitaMalls Malaysia REIT Management (CMRM) Sdn Bhd said this translates into available distribution per unit (DPU) for 3Q 2010 of 1.56 sen.

KUALA LUMPUR: LTKM Bhd is acquiring four pieces of freehold agricultural land in Kuala Langat for RM9.4 million.

In a filing to Bursa Malaysia on Friday, Oct 15, the company said its unit LTK Properties Sdn Bhd had entered into four sale and purchase agreements with Hock Ban Seong & Company Sdn Bhd for the deal.

The land measures a total of 21 acres.

KUALA LUMPUR: Teo Guan Lee Corporation Bhd said on Friday, Oct 15 that it intends to sell a parcel of land in Penang, together with the building atop of it for RM750,000.